US may delay December 15 tariff hike if a deal is not reached by then – SCMP

The United States could opt-out to delay the tariff hike that is scheduled to go into effect on December 15th even if a trade deal with China is not completed by then, the Chinese news outlet South China Morning Post (SCMP) reported on Thursday.

With the initial market reaction, the USD/JPY pair spiked to a session high of 108.70 to reflect improved market sentiment. At the moment, the pair is flat on the day at 108.60. In the menatime, the 10-year US Treasury bond yield is adding 1.2% to confirm the upbeat mood.